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-   -   There's gold in them thar hills (https://www.englishforum.ch/swiss-politics-news/165137-there-s-gold-them-thar-hills.html)

st2lemans 26.12.2012 10:17

There's gold in them thar hills
"Four of the world's biggest gold refineries are in Switzerland, three of them in the southern canton of Ticino, and - although there are no Swiss gold mines - it is estimated that two-thirds of the world's gold is refined in Switzerland."



MennoFloyd 23.05.2015 09:39

Re: There's gold in them thar hills
Austria is removing a large part of its 280 tonne gold reserves from the UK and transferring it home to Austria and to Switzerland:

Current locations of gold reserves:
UK: 80%
Austria: 17%
Switzerland: 3%

Future locations:
UK: 30%
Austria: 50%
Switzerland: 20%

The Austrian Accounting Office has criticized storing so much of the country's gold in one country, the UK, and the new strategy is to distribute storage risk better. This could also be interpreted as a vote of confidence in Switzerland.


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